“With the Biden administration’s moratorium on oil and gas leases in New Mexico, it has left the Southeast area of the state, including Las Cruces, in some turmoil over the economic repercussions as those were a precious commodity in New Mexico for decades, generating billions in revenue for the state each year,” Kugler says. “That stated, the number of business registrations are higher than in 2020—thus we’re seeing an improvement in new business formation.”